Quarterly Update | Q3 2026 | EP 232
October 14, 2026
22 Mins
Mawer Canadian Money Market Fund
As at September 30, 2026
Morningstar Rating™ *:
(As at September 30, 2026)
Fund Managers:
Crista Caughlin, CFA
Series Start Date:
Mar 31, 1988
Fund Net Asset Value:
$408.20 million
Total Net Asset Value (Series F):
$56.90 million
Net Asset Value Per Unit:
$10.00
RRSP Eligibility:
Yes
Management Expense Ratio† :
0.52% (as at June 30, 2026)
Fund Code:
MAW103
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What Does this Fund Invest In?
This Fund invests in government treasury bills and bonds and corporate obligations maturing in 365 days or less. The Fund will have a dollar weighted average term to maturity of no more than 180 days, subject to certain condition.
Investor Suitability
Investors seeking income from short term investments. Low risk.
Investment Strategy
Strategies used to achieve this Fund’s objective include interest rate anticipation, yield analysis, credit and spread analysis, and taking advantage of supply and demand anomalies.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Nova Scotia T-Bill 0% November 12, 2026 | 7.3 |
| Prov Brit Columbia Promissory Note 2026-12-15 | 6.1 |
| Canadian Treasury Bill 0% December 2, 2026 | 5.7 |
| Royal Bk Cda Depository Note 2026-10-06 | 4.9 |
| Alberta T-Bill 0% October 20, 2026 | 4.9 |
| Newfoundland T-Bill 0% October 22, 2026 | 4.9 |
| Province of Manitoba Canada T-Bill 0% November 4, 2026 | 4.9 |
| Province of New Brunswick Canada T-Bill 0% November 5, 2026 | 4.9 |
| Prov of Alta Promissory Note 2026-12-21 | 4.9 |
| Canadian Imperial Bank of Commerce 5% December 7, 2026 | 4.5 |
| Bank of Nova Scotia 2.95% March 8, 2027 | 4.4 |
| Toronto-Dominion Bank 4.21% June 1, 2027 | 3.7 |
| Nova Scotia T-Bill 0% October 15, 2026 | 3.7 |
| City Ottawa Promissory Note 2026-11-05 | 3.7 |
| Nestle Cap Cda Commercial Paper 2026-11-12 | 3.7 |
| Bank of Montreal 2.7% December 9, 2026 | 2.8 |
| Province of Manitoba Canada T-Bill 0% October 21, 2026 | 2.7 |
| Enbridge Pipelines Inc. Commercial Paper 2026-10-16 | 2.4 |
| Canadian Treasury Bill 0% December 16, 2026 | 2.2 |
| City of Ottawa Commercial Paper 2026-10-14 | 2.1 |
| Bank of Montreal 3.65% April 1, 2027 | 1.9 |
| FORTISBC ENERGY Commercial Paper 2026-12-23 | 1.9 |
| FortisBC Inc. Commercial Paper 2026-10-30 | 1.8 |
| FortisBC Inc Commercial Paper 2026-12-16 | 1.7 |
| Canadian Treasury Bill 0% December 30, 2026 | 1.5 |
Net Performance‡
As at September 30, 2026
| 1 Yr | 3 Yr | 5 Yr | 10 Yr | |
|---|---|---|---|---|
| Mawer Canadian Money Market Fund | 1.9 | 3.0 | 2.6 | 1.5 |
| FTSE Canada 91 Day TBill Index | 2.3 | 3.6 | 3.2 | 2.1 |
| Morningstar Rating™ | - | - | - | - |
| Number of Funds in Morningstar Category | - | - | - | - |
| Number of Holdings§ | 32 | |||
Current yield is 2.03% which is an annualized historical yield based on 7-day
period ended June 30, 2026. This does not represent actual 1-year return.
Related Links
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Disclaimers